The Forex Trading Routine That Gives Me My Life Back
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#650: The Forex Trading Routine That Gives Me My Life Back
In this video:
00:30 – Trading while on holiday.
00:45 – I know what I’m trading when the market opens.
01:27 – You don’t have to trade more than once a day.
02:08 – Trading while working or travelling.
02:22 – You don’t have to trade sessions – it’s a myth.
03:04 – Check out my new Masterclass.
03:15 – Blueberry Markets as a Forex Broker.
Can you trade successfully just 1 time a day as a full-time trader? Well, absolutely you can. And that’s what I’ve been doing for the last 2 weeks since I’ve been here in Australia on holiday with my wife. I’ll explain exactly what I’ve done and how you can do the same. Let’s get into it right now.
Hey Traders! Andrew here at The Forex Trading Coach with video and podcast number 650.
Trading while on holiday.
Currently on our last day in Australia, and we’re currently in Brisbane, as you can see behind me with the bridge and the cityscape behind that. So it’s currently Sunday and I’ve already been through the daily and the weekly charts for the beginning of next week.
know what I’m trading when the market opens.
This time tomorrow I’ll be on a plane flying back to New Zealand, and so it’s really important for me to already know what I’m looking at taking. I’ve been through the charts, I’ve scanned through them, I’ve got 2 daily charts setting up really nicely, and I’ve got 4 weekly chart trades. So as soon as the market opens, I can go straight to those 6 charts.
I can look at them and I can make a very informed decision if I want to take those trades or not. Now, barring any major opening gaps, I will certainly be taking those trades. So it means already my Monday is just going to be literally a few minutes looking at the charts, confirming and placing the trades. And that’s the beauty of knowing what to do and trading just 1 time a day.
You don’t have to trade more than once a day.
Now normally at home I’ll look at the charts 2, sometimes 3 times a day. But while I’ve been here in Australia for the last 2 weeks, I’ve just traded just 1 time a day, traded the daily charts and the weekly charts only and, you know, done very well from those trades, and you can do exactly the same.
And don’t forget, as I’ve mentioned many times, at the beginning of the day you can also look at, say, like 12-hour charts, 8-hour charts and 6-hour charts.
But tomorrow, being the beginning of the week, I’m just going to be focusing on those daily charts and the weekly charts that I mentioned, and it means that literally tomorrow I’ll be spending just a few minutes and placing those trades, and that’s my trading done for the day. Shut the laptop, jump on the plane and head home.
Trading while working or travelling.
Now I’m on holiday doing that. You can do exactly the same whether you’re traveling like me or whether you’re just, you know, normal day-to-day life going on. And it just shows that you can trade very, very well by trading just 1 time a day.
You don’t have to trade sessions – it’s a myth.
There’s a whole perception out there that you have to be sitting glued at the charts and at certain times of the day, like, let’s say, European session or US session.
And people think that they have to trade these sessions. You don’t. It’s not important that you do that. It’s almost a bit of a myth that people think they need to do that.
And honestly, after trading for, what, 21 years full-time, you do not need to do that. And there are far better ways of trading. And I love the set-and-forget approach.
I love using strength and weakness, but I also love the fact that right now, on a Sunday, I’ve already been through the charts and I know exactly what I’m going to be placing tomorrow. It just makes life easy and it makes your trading enjoyable.
Check out my new Masterclass.
So if you’d like to find out more about how we do that, I can strongly recommend you jump onto my masterclass, and you can also find out about how we can help you to do the same on that masterclass.
Blueberry Markets as a Forex Broker.
And if you’re out there looking for a really good broker, they’re based here in Australia, and they’re Blueberry Markets. And there’s lots and lots of brokers that you can choose from, you know. And there’s some quite good ones and there’s lots of good ones.
I’ve found over the years that Blueberry Markets are consistently very, very good. Fast withdrawal speeds, great conditions to trade, good spreads, good platform, good people to deal with. So I’ll put a link to them as well.
So that’s it for this week. I’ll be back in New Zealand next week with more trading information just like this. I’ll see you then.
Bye for now.
Episode Title: #650: The Forex Trading Routine That Gives Me My Life Back
Find out more about Blueberry Markets – Click Here
Find out more about my Online Video Forex Course
Book a Call with Andrew or one of his team now
Click Here to Attend my Free Masterclass
Podcast: Play in new window | Download
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